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let's go to bob in new jersey. >> caller: hi, jim. this is bob grunder from the storm-ravaged town of manasquan, new jersey. >> let's hope congress hears you. the guy was like listen i'm worried about waste. i'm worried about people's homes, i'm not talking about second homes, i'm talking about first homes, i think congress could address it, i sure hope so, governor christie, come on the show, repeat what you said, you're the man, go ahead. >> i have a reasonable position in gardner denver at 35 and eaton at 50. knowing that gardner denver is a takeover target and eaton at 56 seems a little rich, i would like to increase my position in one or the other. which one would you recommend and at what price for a long-term hold? >> all right. gardner denver we do, we don't know, it doesn't look like there's a deal, we don't speculate. the fundamentals just okay there. eaton, that sandy cutler has done a remarkable job. but i'm not a buyer of stocks after an up 3% move, when they pull back it's going to be eaton is the one that i like. the be
let's go to bob in new jersey. >> caller: hi, jim. this is bob grunder from the storm-ravaged town of manasquan, new jersey. >> let's hope congress hears you. the guy was like listen i'm worried about waste. i'm worried about people's homes, i'm not talking about second homes, i'm talking about first homes, i think congress could address it, i sure hope so, governor christie, come on the show, repeat what you said, you're the man, go ahead. >> i have a reasonable position in...
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in the meantime, "mad money" with jim cramer starts right now. >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> funds are go going to go out of business, they're nuts. they know nothing! >> i always like to say there's a bull market somewhere. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. my job is not just to entertain, but to teach and to coach you. so call me at 1-800-743-cnbc. may 2013 be as good as 2012 for you in the stock market. that's what i found myself thinking all day, in spite of today's incredible action, best day in over a year of the. the dow soaring 108 points. the nasdaq rockets 3.07%, i feel like i'm surrounded by people who are already fretting about the next big bad thing. this time it's the debt ceiling fight. they're worried eem as it seems the market has a tremendous case of seller's remorse. they're scared. even as it seems those who fled the market year end are in their buying and buying the same stocks we sold. when we looked certain to plunge into the fiscal abyss. how else do you explain how we got the best fir
in the meantime, "mad money" with jim cramer starts right now. >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> funds are go going to go out of business, they're nuts. they know nothing! >> i always like to say there's a bull market somewhere. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. my job is not just to entertain, but to teach and to coach you. so call me at 1-800-743-cnbc. may 2013 be...
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i'm jim cramer, and i'll see you tomorrow. >>> good evening. i'm michelle caruso-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely c
i'm jim cramer, and i'll see you tomorrow. >>> good evening. i'm michelle caruso-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama...
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then jared and jim will respond. i'm not thrilled with the deal, but next up i'll tell you why. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ female announcer ] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a l
then jared and jim will respond. i'm not thrilled with the deal, but next up i'll tell you why. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a"...
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. >>> okay, we are extremely happy and very privileged to have mad money's jim cramer here. we have a lot of things to talk about with the fiscal cliff. do you feel we have solved anything or just basically pushed this cliff further down the road there for creating a bigger problem for policy makers down the line? >> no, i think we solved something. >> what did we solve? >> you asked about the idea that dividends, so important to capital formation for people at home. dividends are taxed low versus what we thought. capital gains going to stay in the game. not that bad. many incentives it stay in the stock market swrount otherwise and the stock mark set a great wealth creator. i think some things have been solved. i don't think it is as negative as some people have heard. >> we have had tough talk on show so far. lot of talk about debt. give us reason or reasons to be optimistic in this lucky 2013 year. >> okay, i believe there are tail winds that we came in with that are very strong. this housing situation remains strong. don't forget, i heard back and forth on sandy and whet
. >>> okay, we are extremely happy and very privileged to have mad money's jim cramer here. we have a lot of things to talk about with the fiscal cliff. do you feel we have solved anything or just basically pushed this cliff further down the road there for creating a bigger problem for policy makers down the line? >> no, i think we solved something. >> what did we solve? >> you asked about the idea that dividends, so important to capital formation for people at home....
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jim o'neill speaks from a different point of view than i would. maybity right in the thick of it down here. i'm a big believe in america. big believe in the markets. i have be a exposure to the markets like everybody does but i'm not ready to pass the mantle to somebody else. >> rich, we are talking about fighting the fed and what is bad idea that is. bonds are another market that people seem to not fight the fed but is this is the year that interest rates start higher? >> we don't know that. the fed is a huge elephant in the room and it is as long as they keep buying bonds, you don't have a problem. the thing that concerns me is that -- >> go ahead. >> the thing that concerns me is we borrow a trillion plus dollars a year, so if other members of the world decide ton buy our bonds, i don't think the fed can buy all of them. >> okay. so if you look at what's been happening though, you would bet that this year would be the year that we stay steady again? or just keep listening to the fed to see what they say? >> i think expectations are, we are goin
jim o'neill speaks from a different point of view than i would. maybity right in the thick of it down here. i'm a big believe in america. big believe in the markets. i have be a exposure to the markets like everybody does but i'm not ready to pass the mantle to somebody else. >> rich, we are talking about fighting the fed and what is bad idea that is. bonds are another market that people seem to not fight the fed but is this is the year that interest rates start higher? >> we don't...
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in washington jim angle, tocks news. >>> coming up next on the rundown i want to start off the new year with a new job. lots of people still looking. cheryl casone is here to get you hired. >> ever since kevin costner heard voices in his cornfield now the field of dreams is one step closer to becoming a reality. >> good morning to you. it is 21 after the top of the hour. he just finished a contentious bat overly the fiscal cliff. reports show that he will begin to push for immigration reformerly lir this month. a record number of people trying to buy guns in december. the fbi says they did nearly 2.8 million background checks this month. people could be worried about gun control laws in response to the sandy hook tragedy. over to you. >> thank you ainsley. employers are heading into the new year with cautious optimism in career builders 2013 job forecast over 60 percent of employers say they are actually in a better financial position than last year. only 26 percent plan to add full-time permanent employees and 9 percent actually plan to decrease staff. so who is hiring? here with three
in washington jim angle, tocks news. >>> coming up next on the rundown i want to start off the new year with a new job. lots of people still looking. cheryl casone is here to get you hired. >> ever since kevin costner heard voices in his cornfield now the field of dreams is one step closer to becoming a reality. >> good morning to you. it is 21 after the top of the hour. he just finished a contentious bat overly the fiscal cliff. reports show that he will begin to push for...
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Dec 31, 2012
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we have jim o'neill. he's going to join us to talk about whether he is bullish for the start of 2013 and how much the fiscal cliff is playing into his outlook. >>> welcome back to "squawk box" this morning. take a look at futures for the day, the s&p is up a little over 7 points as we await to see what happens with the fiscal cliff. >> it is the last trading day of the year. how will the global marketses react to our domestic drama? calling in right now on the squawk news line is jim o'neill. it's great to be speaking with you this morning. i know we made it through the mayan apocalypse, but will we make it three through the fiscal cliff, as well? >> gosh, i don't know. i keep exchanging my mind about this every day in the past week. what is quite encouraging in a way is that other markets around the world, other important mark particular are trading so much of their own issues that the disappointment in the u.s. has not affected them at all. and while europe has given a bit back, it's barely noticeable.
we have jim o'neill. he's going to join us to talk about whether he is bullish for the start of 2013 and how much the fiscal cliff is playing into his outlook. >>> welcome back to "squawk box" this morning. take a look at futures for the day, the s&p is up a little over 7 points as we await to see what happens with the fiscal cliff. >> it is the last trading day of the year. how will the global marketses react to our domestic drama? calling in right now on the...
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jim cantore in mobile, alabama. twisters hit yesterday, quite a few, i think, right, jim? >> reporter: yeah. the storm prediction center says 34, our severe weather expert who tracks tornadoes and sees which are duplicated says 19. which for whatever it's worth is a record day for tornadoes on christmas. the previous record was 1969 with 12 tornadoes. guys, here's the deal. now we have tornado season in the middle of winter. and that seems to be what happens nowadays. you see behind me this church was pretty heavily damaged. look at the roof. two sections ripped off. then dropped below. and given the fact that this debris was just dropped off down here, i'm going to probably estimate these winds somewhere in the 90 to 100 mile-per-hour range. so probably ef-1, maybe ef-2 damage. they typically go along the tornado path and look at the damage to assess an actual rating if you will in terms of what that damage is. behind me, a lot of cleanup here on dauphin street. the crews will be cleaning the debris. you see the power lines hanging over. draping over there. some of the tr
jim cantore in mobile, alabama. twisters hit yesterday, quite a few, i think, right, jim? >> reporter: yeah. the storm prediction center says 34, our severe weather expert who tracks tornadoes and sees which are duplicated says 19. which for whatever it's worth is a record day for tornadoes on christmas. the previous record was 1969 with 12 tornadoes. guys, here's the deal. now we have tornado season in the middle of winter. and that seems to be what happens nowadays. you see behind me...
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jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be lowering taxes and not raising them or these are guys who crave the stage. how are they not going to take it down to the 11th hour? they'll never be able to stand in front of their constituents and say they fought the good fight and by my logic it's still december 28th. this is not done yet. the risk is coming in on monday and have something good happen on sunday and it being up, 20, 25 handles. i'm not at all convinced that we'll be in the tank on monday morning. >> how about you, larry? >> michelle, today we sought fiscal fear and it's all been about fear and it's becoming the fiscal reality. the after-hours reality shows that fear is really out there. fear has been driving everything. consumer confidence has come down, consumer sentiment has come down and retail sales have come down and fear will drive
jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be lowering taxes and not raising them or these are guys who crave the stage. how are they not going to take it down to the 11th hour? they'll never be able to stand in front of their constituents and say they fought the good fight and by my logic it's still december 28th....
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now, i will turn it over to jim and the rest of the traders here on the floor of the new york stock exchange for time honored tradition since the depression, and the singing of wait until the sun shines again. mr. mcguire? ♪ wait until the sun shines, as clouds go drifting by ♪ ♪ we will be happy, nelly, don't you cry ♪ ♪ ♪ sweetheart you and i ♪ wait until the sun shines, nelly, 12340e ♪ >> with breaking news from washington, john harwood. john? >> i just add conversation with an aide who confirmed there is a deal on the middle class tax cuts pks and it appears they agreed on threshold of $450,000 for families, $400,000 for individuals. that's a narrower gap at that income level tp. it is designed to catch more individuals with $400,000 incomes to catch a greater proportion of those making higher incomes. under the higher 39.6 rate. the gop aide says he expects president obama to affirm that publicly at 1:30 on additional portions. we are looking, the aide confirmed, at likely 40% rate on the estate tax retaining the $5 million threshold for taxing estates. 20% rate above th
now, i will turn it over to jim and the rest of the traders here on the floor of the new york stock exchange for time honored tradition since the depression, and the singing of wait until the sun shines again. mr. mcguire? ♪ wait until the sun shines, as clouds go drifting by ♪ ♪ we will be happy, nelly, don't you cry ♪ ♪ ♪ sweetheart you and i ♪ wait until the sun shines, nelly, 12340e ♪ >> with breaking news from washington, john harwood. john? >> i just add...
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jim, what about you? would you get into bonds here? >> no. not at all. actually i'm taking the other side. i adopted a negative bias yesterday because to me it still looks like a corrective channel from the big drop over the last couple weeks. now it certainly is testing my resolve as the markets tend to do but my stop out is about 13.09 on the up side. if it traded below 132.16 i'd take it as a signal to sell more. i think we are going over the fiscal cliff and the market thinks so and sometime in the first year things get revolved retro act toiv 2012. the market is accustomed to that and learned to deal with it. >> now you know how our guys are making money but the question is how about you? are you buying treasuries into the cliff? head to futures now.cnbc.com. vote in our poll. make your voice heard ere. scott, back over to you. >> thanks so much. have a good weekend. see you on the other side. only one guy to go to on this. he is the author of "unhedged." >> "unhedged." >> what is the trade here? >> the trade is i don't want to be short treasuries a
jim, what about you? would you get into bonds here? >> no. not at all. actually i'm taking the other side. i adopted a negative bias yesterday because to me it still looks like a corrective channel from the big drop over the last couple weeks. now it certainly is testing my resolve as the markets tend to do but my stop out is about 13.09 on the up side. if it traded below 132.16 i'd take it as a signal to sell more. i think we are going over the fiscal cliff and the market thinks so and...
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and still ahead, congressman jim mcdermott with the latest on the fiscal cliff negotiations. first, though, an american military hero has died, norman schwarzkopf passed away in florida yesterday. remember he was popularly known as stormin' norman and he was the u.s. general who led the 1991 operation "desert storm," which liberated kuwait from iraqi dictator saddam hussein, and you know, the 41 is ill and actually sent out a statement about the general late yesterday, when we're all thinking about 41, as well. schwarzkopf was 78. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back to "squawk box" this
and still ahead, congressman jim mcdermott with the latest on the fiscal cliff negotiations. first, though, an american military hero has died, norman schwarzkopf passed away in florida yesterday. remember he was popularly known as stormin' norman and he was the u.s. general who led the 1991 operation "desert storm," which liberated kuwait from iraqi dictator saddam hussein, and you know, the 41 is ill and actually sent out a statement about the general late yesterday, when we're all...
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for more on the day let's get to jim iuorio director of t.m. amens institutional services and a cnbc contributor. i guess the reason i phrase the question, jim, the markets had been sort of quiet, the vix has been kind of quiet, as well. is something on the horizon, or i mean we've talked about it so much, is there anyone that doesn't know? >> no. i just think the markets have grown accustomed to the notion that we're actually going over the cliff. we were always going over the cliff, and that gives the republicans ground cover to lower taxes, and not raise them. is it a game? is it ridiculous that they play this with the economic future of the country? of course it is. but you drew the connection to t.a.r.p. that's when we first learned that they can show some incompetence at very critical moments. the market's fine with that right now. but i do think the consensus is that once they reach a deal, even after the cliff, that the market's going to knee-jerk higher. when everyone is on the same side of the boat that worries me a little bit. i incr
for more on the day let's get to jim iuorio director of t.m. amens institutional services and a cnbc contributor. i guess the reason i phrase the question, jim, the markets had been sort of quiet, the vix has been kind of quiet, as well. is something on the horizon, or i mean we've talked about it so much, is there anyone that doesn't know? >> no. i just think the markets have grown accustomed to the notion that we're actually going over the cliff. we were always going over the cliff, and...
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can't start your trading day without jim cramer's stocks to watch. we will head to the new york stock e stock exchange right after this. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimu
can't start your trading day without jim cramer's stocks to watch. we will head to the new york stock e stock exchange right after this. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me...
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. >> or, jim, as they call the grand bargain or the big deal. are those days dead given where we are? we really aren't going to be very different in this new congress. most of the congress felt that they were left out of these negotiations. it's all about the leadership anyway. >> one of the ironies is that the republicans left on the table what would have been a much more advantageous deal more than a year ago and the president was bending to a far greater extent. they spurned that and boxed into a corner and now tomorrow you'll have the president sunning in hawaii while john boehner is trying to twist some arms to get reelected speaker when the republicans meet. but one should also note here in that list, one thing i think you left out and surely unintentionally is what's going to happen for payroll taxes. for the average person, you're going to pay about a thousand dollars more and that's a lot of money for people to maybe $40,000, to $50,000 a year. you could argue they are losers here, too. >> we're going to do a whole segment on that later
. >> or, jim, as they call the grand bargain or the big deal. are those days dead given where we are? we really aren't going to be very different in this new congress. most of the congress felt that they were left out of these negotiations. it's all about the leadership anyway. >> one of the ironies is that the republicans left on the table what would have been a much more advantageous deal more than a year ago and the president was bending to a far greater extent. they spurned that...
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. >> that was goldman zachs management chairman jim o'neill this morning on "squawk." what is jpmorgan's tom lee seeing now for 2013? he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market. i think a lot of the talk, michael furley talked about 50 years recovering, it is very good with the economy strengthening. and relative values restored versus high yield. but the first half will be pretty tricky. so i think it's really going to be a good second half story for equity markets. >> you have a target of 1580 for the s&p year-end and you want cyclical stocks to be the mode of investment choice for the folks watching this show. so, i mean, that sounds like risks going all the way to me. 1580, heavy cyclicals, we are off to the races. >> that's right. in fact, if you just look at how the market has acte
. >> that was goldman zachs management chairman jim o'neill this morning on "squawk." what is jpmorgan's tom lee seeing now for 2013? he is joining us live from new york city. tom, welcome back, good to see you. >> thank you for having me. >> we are going to get the cliff settled one way or another, but what's in store for 2013 and the stock market? >> we think overall it will be a pretty good year for markets because we are in the fifth year of a bull market....
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. >> jim, the house reconvenes sunday night. the senate squabbling right now. the president's back in town. how are you trading or investing in this market in the meantime? >> well, bill, i thought it was difficult to underestimate the ability for congress to underdeliver. but here we are again. >> yes. >> our best case is, we probably thought it was going to go into the, go past the new year and i think that's what we're going to see. so, we'll probably tech nick little go over the cliff but we won't stay over and it's probably maybe even better off that we get a new congress looking at the prospects of a deal. there is a deal out there as opposed to the lame duck session. we'll probably have some volatile till but i think those are buying opportunities and we expect a better 2013. >> what kind of buying opportunities? what would you be looking to buy? >> well, certainly the sectors that have done well, i think, continue to be the financials. you look at consumer discretionary in here, which could take a hit and a down turn. near term down turn and health care
. >> jim, the house reconvenes sunday night. the senate squabbling right now. the president's back in town. how are you trading or investing in this market in the meantime? >> well, bill, i thought it was difficult to underestimate the ability for congress to underdeliver. but here we are again. >> yes. >> our best case is, we probably thought it was going to go into the, go past the new year and i think that's what we're going to see. so, we'll probably tech nick little...
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right now you are listening to jim rand, democrat from maryland. let's listen in. >> we will have none of those resources to make that investment after we make this vote tonight. and the problem is we set up three more fiscal cliffs. we are going to have to deal with the debt ceiling. we are going to have to deal with the continuing resolution. expiration. and we will have to deal with the sequester. and all that is left is spending cuts so the only question we have to ask ourselves is what programs do we cut and how deep do we cut them? we got to look back on this night and regret it not withstanding the fact that 95% of it apparently will vote for it. thank you, mr. chairman. >> i'm prepared to close. >> the gentleman from michigan, mr. levin. >> i now yield one minute to the gentleman from new york. >> bret: i said jim moran from maryland. from virginia. heated up about the fiscal cliff debates yet to come. and he is right. one will start just after this one if in fact this bill passes because the debt ceiling debate will begin soon after that a
right now you are listening to jim rand, democrat from maryland. let's listen in. >> we will have none of those resources to make that investment after we make this vote tonight. and the problem is we set up three more fiscal cliffs. we are going to have to deal with the debt ceiling. we are going to have to deal with the continuing resolution. expiration. and we will have to deal with the sequester. and all that is left is spending cuts so the only question we have to ask ourselves is...
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jacki schechner i'm sorry, jim is not here. he is in the bathroom drinking. >> that's a lot of information. [ glugging sound ] [ door slams ] >> stephanie: we're having too much fun at speaker boehner's expense this morning. >> yeah he has had a rough go lately. >> media right had a story that he was getting ready to step down, but then they pulled that story. >> i don't think that's actually the case. they have the vote up today, and i don't think that's going to happen. i think that probably came from somebody who was frustrated with him, and leaked the news and somebody ran with it. >> stephanie: jacki i have a story with the words gop-kaball. >> well how important is accuracy to you. >> stephanie: not much. >> good morning, as the children and teachers of sandy hook elementary school return to class today. the fbi said it conducted a record number of background checks of people looking to buy firearms last month. there were 2.8 million background checks conducted in december. that's up from 2 million a month before, and 1.9
jacki schechner i'm sorry, jim is not here. he is in the bathroom drinking. >> that's a lot of information. [ glugging sound ] [ door slams ] >> stephanie: we're having too much fun at speaker boehner's expense this morning. >> yeah he has had a rough go lately. >> media right had a story that he was getting ready to step down, but then they pulled that story. >> i don't think that's actually the case. they have the vote up today, and i don't think that's going to...
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. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on their jobs, people who will not be hired into new jobs. >> we're on a new reality, a new economic reality in the national capital region. >> reporter: frank principi knows that if the sequestration cuts kick in in two months... >> programs to head start to emergency preparedness are going to be cut 8% and it's the local governments that's going to have to deal with either replacing that 8% cut or terminating the programs that funding supports. >> reporter: as the federal government spends less... >> we think we're going to need to
. >> reporter: jim runs the greater washington board of trade. he says the uncertainty ahead has the business on hold. >> we're still going to have a hold on hiring. we're still going to have a hold on new investments. everyone is going to be waiting. >> reporter: even as business knows. >> there will be people who are furloughed on their jobs, people who will not be hired into new jobs. >> we're on a new reality, a new economic reality in the national capital...
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>> with jim demint leaving, there's a role for a fiery advocate to be filled. >> chuck, ted cruz also has a role at the nrsc. i'm looking at paul ryan. heeps what a taste of the big time. what does he really want to do? is it still ways and means chairman or does he have bigger eyes right now? >> if i were the white house, i would say let's let ryan and the white house negotiate that ceiling. >> it makes too much sense. >> it does. shameless plug. >> burnt orange. what do you got? >> in role call, we look at how the leaders function in the fiscal cliff debate. we looked at harry reid, mitch mcconnell, john boehner, et al, and roll call now freeline. >> on mondays i'm going to start writing a column, moving away from my editing duties and putting on my writing hat again. >> there's a great piece in "national journal," why rubio voted for this deal. >> the most important divide until we create a new one. that's it for this edition of "the daily rundown." tomorrow on the show, it's jobs day. we'll have the breaking news on the december unemployment report. coming up next, chris jansing.
>> with jim demint leaving, there's a role for a fiery advocate to be filled. >> chuck, ted cruz also has a role at the nrsc. i'm looking at paul ryan. heeps what a taste of the big time. what does he really want to do? is it still ways and means chairman or does he have bigger eyes right now? >> if i were the white house, i would say let's let ryan and the white house negotiate that ceiling. >> it makes too much sense. >> it does. shameless plug. >> burnt...
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jim cramer joins us now. does that mean the dogs will be better this year, jim? normally, right? >> dow versus the s&p, i've got to tell you, up 7%, 16%, maybe we've got to go back over and look at the dow. there are probably some bargains there, joe. >> jim, will this be you, now that we've -- i can argue from two sides, i made the point earlier, i think that they're still saying there may be a point to a point and a half drag on the gdp because of this. but don't you think the improvements in housing and having maybe a little bit of certainty, don't you think that we can grow above where we've been recently? don't you think the u.s. economy is that resilient? >> thank you, joe. because this is my theme for the beginning of the year, which is that this -- no one's happy with the deal. but i do believe there's momentum coming in. don't forget the need to rebuild from sandy. don't forget the autos are surging. i believe very strongly we have very good tailwinds coming into the year. also, europe better than we think. asia better than we think. latin america better than we think. t
jim cramer joins us now. does that mean the dogs will be better this year, jim? normally, right? >> dow versus the s&p, i've got to tell you, up 7%, 16%, maybe we've got to go back over and look at the dow. there are probably some bargains there, joe. >> jim, will this be you, now that we've -- i can argue from two sides, i made the point earlier, i think that they're still saying there may be a point to a point and a half drag on the gdp because of this. but don't you think the...
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jim awod is managing editor of. egan jones independent rating agency that is not paid by the corporate issuers than it rates. shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 for the current year. so we view this whole wrangling as a positive it's the first step to solving a problem is recognizing it. most people are recognizing the immediate problem of the federal budget deficit. >> that's a remarkably glass half full view of the world shawn. i appreciate that. let me take a look at world borrowing costs. this is gauge of how investors feel about a given country. sorn debt so if you're going to buy bonds of a country. a ten-year bond yield, 1.7%. switzerland, which d
jim awod is managing editor of. egan jones independent rating agency that is not paid by the corporate issuers than it rates. shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's...
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jim rogers type stuff. vietnam, laos. >> myanmar. >> go for it, brian. >> burma, north haverbrook. >> other sectors we're watching today, the steel sector getting a major boost from a credit suisse. price target for six companies in this group, they're citing the fiscal cliff resolution, of course, and up side in china. they say the channel checks, that there's more reasonable inventory levels. so pricing is better. >> steel intelligence saying this is a very good level. i think letter x has done nothing for asia. i remember when it was $180 stock. i would tell people, again, that the resource based stocks are more china oriented, and i think china's going to have a very big year. remember, the euro is supposed to break up. the brics were no longer brics, they were soft putty. housing is supposed to go to zero. we could go over and over the things that were going to happen, that didn't happen. what did different repd rate go up? 40%? 45%? remember that worry? selling those dividends left and right. >> you c
jim rogers type stuff. vietnam, laos. >> myanmar. >> go for it, brian. >> burma, north haverbrook. >> other sectors we're watching today, the steel sector getting a major boost from a credit suisse. price target for six companies in this group, they're citing the fiscal cliff resolution, of course, and up side in china. they say the channel checks, that there's more reasonable inventory levels. so pricing is better. >> steel intelligence saying this is a very good...
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we are going to look for jim's hat. we are back after this. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's bringing the future forward. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ opening bell ] >> [ inaudible ] >> what an amazing two-day run we have had. this san interesting stat from dan greenhouse of btig, better than all but 1% of two-day rallies since 1990. so, very, very strong performance here, taking a breather at this point. >> we know the thoughts, too all that data how you make money in stoc
we are going to look for jim's hat. we are back after this. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's bringing the future forward. ♪ [ indistinct shouting ] [ male...
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one of the more conservative republicans, jim jordan, told me the only thing worst than defense cuts are no cuts at all. that said, you can delay the impact of see questions administrati -- see quest administration. it will take them time to come up with the cuts over the course of the fiscal year. that said -- because we never passed the budget but only continuing resolution, we've only got until about march to figure out how to deal with that problem. >> you better believe that there are a lot of democrats in states like california, virginia, florida, in the senate and the house who don't want to see those defense cuts either because, boy, those are big employers. let me grill on one thing and that is this, tax rates are scheduled to go up anyway next year because of surcharges on medicare and a payroll tax surcharge because of obama care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end auto
one of the more conservative republicans, jim jordan, told me the only thing worst than defense cuts are no cuts at all. that said, you can delay the impact of see questions administrati -- see quest administration. it will take them time to come up with the cuts over the course of the fiscal year. that said -- because we never passed the budget but only continuing resolution, we've only got until about march to figure out how to deal with that problem. >> you better believe that there...
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. ♪ the one and only, cheerios [clock ticking] >> should we call jim? >> mike moody and jeff ward left high stress, six-day-a-week jobs as big city lawyers because they wanted to spend more time with their wives and children. they decided to do what more and more working mothers are doing: share a job. >> well, for the first six months of the job, i was referred to as the new joanne. >> the job of assistant in-house council at timberland in stratham, new hampshire, had been filled by two women for years. >> i have two weekends a week. >> two weekends a week? >> and i have a four-day weekend. >> it is a pretty sweet deal. they each work three days a week, overlapping on tuesdays. >> how do you keep the office from sucking you back in on your days off? >> it's a constant struggle. we're always on call because of the blackberry. >> the crackberry. >> the crackberry? >> yeah. >> there you go. it's attached to you. it's part of your body. >> yep. >> part of mike's body even on his days off... >> daddy! >> okay, hold on just a minute. >> when he's the house h
. ♪ the one and only, cheerios [clock ticking] >> should we call jim? >> mike moody and jeff ward left high stress, six-day-a-week jobs as big city lawyers because they wanted to spend more time with their wives and children. they decided to do what more and more working mothers are doing: share a job. >> well, for the first six months of the job, i was referred to as the new joanne. >> the job of assistant in-house council at timberland in stratham, new hampshire, had...
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jim? pat? >> veronica, thanks. a st. louis firefighters is being called a hero today after rescues a dog that fell into an icy pond on new year's day. >>> ed rich shows us the whole ordeal that was caught on camera. >> reporter: this was the scene late new year's morning. around 11' 30, a man was walking his dog when this german shepherd mix popped up. he got spooked, ran onto the ice, the ice broke and he fell through. >> he was pretty scare. >> this was dan hill's first day with fire station 29. he was the lucky one chosen to get the dog. >> i believe city parks, their water is roughly four feet deep, so they decided to send the tall guy. that was me. he strapped on his waders, but the wear was a little higher than expected. >> yeah, i got a little wet, but it was worth it, to save the dog. >> reporter: he tells me the dog helped him out a little. he was actually coming towards me. i think he knew what i was out there to do. i think he was happy to see me. i threw him in the basket and pulled him. >> reporter: we asked
jim? pat? >> veronica, thanks. a st. louis firefighters is being called a hero today after rescues a dog that fell into an icy pond on new year's day. >>> ed rich shows us the whole ordeal that was caught on camera. >> reporter: this was the scene late new year's morning. around 11' 30, a man was walking his dog when this german shepherd mix popped up. he got spooked, ran onto the ice, the ice broke and he fell through. >> he was pretty scare. >> this was dan...
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welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three major averages which are on pace for thei
welcome to my father-in-law jim lemarca and the cast of his book, "bonus time." it's sort of like "zero dark 30" kind of sort of. >> that will do it for "power lunch." >> "street signs" begins right now. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for...
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but to hold you over, here are some of jim's best moments in 2012. >> next thing you know, i'm covering sports in tallahassee. >> there you go. you look good in that polyester. >> it was a corduroy suit that i got. >> you were in florida. ooh. >> felt like sweatpants. >> i need freedom of movement. sherri wakes me up every morning. >> how does she wake you up? >> she has no morning breath. i'm actually kind of a gandhi-like figure these days. divided by ten, it's a 50 -- ah! it's a $58 stock for goodness sakes. i'm sick of this. give me my telestrator. what the heck. i'm going to go home and learn the no-pick circle draw. the circle draw. look at this. >> let me do a super-cal i straighter on r.i.m. >> did you get that? >> down here. >> i've got to go commando here. it's down here. that's where it is. all work and no play makes jack a very dull boy. >> there you go. it may be the 17 sued a feds i took before the show. >> oh, the memories. good times, right? >> when he's gone, you really miss him. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline,
but to hold you over, here are some of jim's best moments in 2012. >> next thing you know, i'm covering sports in tallahassee. >> there you go. you look good in that polyester. >> it was a corduroy suit that i got. >> you were in florida. ooh. >> felt like sweatpants. >> i need freedom of movement. sherri wakes me up every morning. >> how does she wake you up? >> she has no morning breath. i'm actually kind of a gandhi-like figure these days....
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jim is right. 's more people get the message he seems to have gotten we are not going to fix the problem. as you mentioned, we will see a end to the payroll tax holiday. we'll also see taxes called for americans making more than $400,000. let's go to arkansas. roger. independent. caller: good morning. i have two questions for representative mulvaney. in addition to the specifics, what has been reported on, what all of us know was passed last evening, what was added to the bill that we do not know about, the pork that was added perhaps to garner votes? another question, i would have voted in favor, by the way, and my question for you is can you ever vote for a compromise that includes a tax increase on high- earners, and if so, what is the breaking point? host: thank you, roger. guest: great questions. what was added -- i wish we had more time to talk about this. the senate voted on this after having it for nine minutes. the bill turned out to be over 100 pages long with 96 different provisions. you
jim is right. 's more people get the message he seems to have gotten we are not going to fix the problem. as you mentioned, we will see a end to the payroll tax holiday. we'll also see taxes called for americans making more than $400,000. let's go to arkansas. roger. independent. caller: good morning. i have two questions for representative mulvaney. in addition to the specifics, what has been reported on, what all of us know was passed last evening, what was added to the bill that we do not...
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and in sports, syracuse hoops coach jim boeheim bounces into the record books. this is the "cbs morning news." coach jim bayh,nikze bounces into the record books. this is the "cbs morning news." chili's lunch combos. starting at 6 bucks. more life happens here. capella university understands bright students are getting lost in the shuffle. need. and administration's work gets more complex every year. when you look at these issues, do you see problems or opportunities? with an advanced degree in education from capella university, you'll have the knowledge to meet these challenges and make a difference in the lives of students. let's get started at capella.edu. she can't always move the way she wants. now you can with new stayfree ultra thins. flexible layers move with your body, while thermocontrol wicks moisture away. keep moving. new stayfree. >>> here's look at the weather in some cities around the country. new york, sunny, 31, chicago, breezy, 29, partly sunny in dallas, 50, mostly sunny in l.a., 68 degrees. >>> let's check your national forecast. as much as
and in sports, syracuse hoops coach jim boeheim bounces into the record books. this is the "cbs morning news." coach jim bayh,nikze bounces into the record books. this is the "cbs morning news." chili's lunch combos. starting at 6 bucks. more life happens here. capella university understands bright students are getting lost in the shuffle. need. and administration's work gets more complex every year. when you look at these issues, do you see problems or opportunities? with...
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jim acosta caught up with him this morning. jim, give us a sense who he is. he got a lot of attention at the rnc convention last year. >> reporter: well, suzanne, he was a tea party favorite in the run-up to last november's elections, and it's interesting to note as a lot of americans seem to be saying at least in the polls that they want the congress to work together. they want republicans and democrats to work together on matters such as the fiscal cliff. they have sent more partisans into the capitol, and one of the those partisans is ted cruz. he's a tea party conservative and was the solicitor-general down in texas before running for the senate. he's a graduate of princeton and harvard and also the son of a cuban-american immigrant, but i had a chance to talk with him just briefly earlier this morning because he had been very critical of the negotiated agreement between mitch mcconnell and the vice president, joe biden, on the fiscal cliff. he made no bones about it when i talked to him heading into the capitol earlier this morning. here's what he had to
jim acosta caught up with him this morning. jim, give us a sense who he is. he got a lot of attention at the rnc convention last year. >> reporter: well, suzanne, he was a tea party favorite in the run-up to last november's elections, and it's interesting to note as a lot of americans seem to be saying at least in the polls that they want the congress to work together. they want republicans and democrats to work together on matters such as the fiscal cliff. they have sent more partisans...
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>> jim, thanks. here tess capitol today, boehner did avoid the embarrassment of this going to a second ballot he won on the first round like speakers normally do. >> my colleagues, the speaker of the house, john boehner. >> reporter: john boehner tonight a few more shots as the new congress reelected him speaker. >> boehner -- >> reporter: nine conservative cast protest votes, but boehner sounded a conservative theme. >> our government has built up too much debt. our economy is not producing enough jobs. these are not separate problems. >> reporter: this first day was about families and about firsts. iraq war veteran dump amp pew tee, tammy duckworth, the first disabled woman in congress. republican tim scott of south carolina, the only african-american now in the senate. where 20 women will serve, a record. a moving moment. republican mark kirk made his way up the steps in the capitol a year after he suffered a stroke, supported by senators from both parties. but bipartisanship will go on the back b
>> jim, thanks. here tess capitol today, boehner did avoid the embarrassment of this going to a second ballot he won on the first round like speakers normally do. >> my colleagues, the speaker of the house, john boehner. >> reporter: john boehner tonight a few more shots as the new congress reelected him speaker. >> boehner -- >> reporter: nine conservative cast protest votes, but boehner sounded a conservative theme. >> our government has built up too much...
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but 1-800-flowers, jim mccann says that he has the fix for that. i am finding that the peak is in. they are all telling me about what things are all about, the number one or number two show in the country is thebig ng theory, so we are all celebrating the geek. neil: this idea that if you have this business, very good common sense, i think they are looking for answers in all the wrong places. how do you invite them? >> i will tell you as a florist, it is good busness being in an ability to help people and relationships. i have been a social worker, i have been a florist, and both have a common theme. i wrote a book about my discoveries about the thing that makes us unique on this planet, which is a core of the story. the matter what, everything we do, whether it's the places we work with a service organizations that we might want to come in the sporting activities, we are all seeking out social intimacy. and if you are a hard-working and hardcharging geek of some success or not, you may not have the opportunity to meet somne, yet we are searching for that every day. neil: you have
but 1-800-flowers, jim mccann says that he has the fix for that. i am finding that the peak is in. they are all telling me about what things are all about, the number one or number two show in the country is thebig ng theory, so we are all celebrating the geek. neil: this idea that if you have this business, very good common sense, i think they are looking for answers in all the wrong places. how do you invite them? >> i will tell you as a florist, it is good busness being in an ability...
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jim cooper of ten tnessee voted for colin powell. you have a little bit on both sides. to me it speaks to -- there is clearly unrest, and, yet, it's not unified behind anyone. a couple votes for alan west. that's not going happen. a vote for labrador from idaho. one vote for eric cantor. it's not coalessed. john boehner for all the discomfort with him, that's clear within some conservative circles, the guy is going to be the speaker of the house. it's remarkable that conservatives couldn't unite even a little bit more as a show of force. >> i still believe the only person -- if he somehow expressed an interest, you would see the committee chairs, you would see a flocking. >> does this -- the question you have to be watching now is how this weakens or stretens his hand going into negotiations on the fiscal cliff -- not that, the debt ceiling. that remains to be seen. we'll have to leave it there. >> i guess. >> because -- >> i normally love to stay. i have to say that there's a bitter feeling. i love the first day of school, which i call the first day of congress. >> i w
jim cooper of ten tnessee voted for colin powell. you have a little bit on both sides. to me it speaks to -- there is clearly unrest, and, yet, it's not unified behind anyone. a couple votes for alan west. that's not going happen. a vote for labrador from idaho. one vote for eric cantor. it's not coalessed. john boehner for all the discomfort with him, that's clear within some conservative circles, the guy is going to be the speaker of the house. it's remarkable that conservatives couldn't...
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early on, he took on as his target, the speaker jim wright. that was the beginning of some of this polarization. it was a better time. since those last couple of decades, the institution has suffered from too much partisanship. >> before mr. gingrich, i would imagine he would argue the republican house members have spent decades in the wilderness and he was the one that found a way to bring them into the majority in the house. how do you balance the pluses and minuses? >> there is not any question that that effort to paint a picture of jim wright's service laid the foundation for a majority. that was a healthy thing. i do not believe it was a good thing -- we have been in that for far too long. appropriations committees work is where either you spend money or you do not. ideally, you are here to work with one another to be as responsive as possible to your own constituents and taxpayers. within the committee itself, the more we can talk to each other as individuals and human beings, the better off the institution will be. >> the kinds of organ
early on, he took on as his target, the speaker jim wright. that was the beginning of some of this polarization. it was a better time. since those last couple of decades, the institution has suffered from too much partisanship. >> before mr. gingrich, i would imagine he would argue the republican house members have spent decades in the wilderness and he was the one that found a way to bring them into the majority in the house. how do you balance the pluses and minuses? >> there is...
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coach jim boeheim of the orange passed bob knight for second place on the all time win list with 903 trailing only duke's mike krzyzewski who has 940 victories. >>> the leader of baltimore's defense ray lewis says he'll retire after the season. the ravens played the colts in the first round of the playoffs on sunday. >>> sunday night's redskins-cowboys game was the highest rated regular season prime time nfl broadcast in the washington, d.c. market since 1987. nationally, the highest ever on nbc. and redskins coach mike shanahan was interrupted during a news conference by quarterback robert griffin iii who asked his coach a question. >> what did you do for new years? >> tried to put a good game plan together. i wasn't sure how healthy you were so it was hard without you calling me. you got me good. >> and by the way, the redskins won, they're headed to the playoffs. for another look at the weather, here is bill karins with the weather channel forecast. hello again. >> an attempt at a little press conference humor. an attempt. i told you it was cold, i didn't realize it was this cold.
coach jim boeheim of the orange passed bob knight for second place on the all time win list with 903 trailing only duke's mike krzyzewski who has 940 victories. >>> the leader of baltimore's defense ray lewis says he'll retire after the season. the ravens played the colts in the first round of the playoffs on sunday. >>> sunday night's redskins-cowboys game was the highest rated regular season prime time nfl broadcast in the washington, d.c. market since 1987. nationally, the...
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>> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were republicans very angry about that vote, they didn't think it had enough spending cuts in it to match enough tax hikes, and they hesitated. in the end, speaker john boehner had to put it on the floor that angered a lot of republicans. newscast his number two, eric cantor, the majority leader voted no, and john boehner voted yes on final passage. now, jim, tomorrow is the formally election of the speaker. he's already been nominated. usually a formality. we have no reason to believe otherwise. but you've got to believe that somewhere down the line, he may be weak end here. that's why he's already looking forward to another fiscal clive. >> let's go back to the sandy spending bills. how did something like this happen? a lot of people are shaking their heads. di
>> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were republicans very angry about that vote, they didn't think it had enough spending cuts in it to match enough tax hikes, and they hesitated. in the end, speaker john boehner had to put it on the floor that angered a lot...
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Jan 3, 2013
01/13
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they reached a deal on the fiscal cliff put they set up more fiscal cliffs, as senator jim moran said on the floor recently. the big battle is the debt ceiling. will the president and republicans in congress agree to raise the debt ceiling maybe in exchange for spending cuts. we saw that in 2011. the obama administration says they're not playing that game anymore. they have some type of plan to raise the debt ceiling and go around the congress. they're not revealing detifles it but that that's going to be the big fight, the debt ceiling fight in a couple of months. host: we're talking with bob cusack on the open dage of the 113th congress. we want your questions and congressmens, democrat, 202-585-3880, republicans 202- 585-3881. let's get the first call, michael. caller: i'm an professor in an m.b.a. program, i have students from 48 country, i have a pretty good perspective. the situation here, by the way, i teach present value accounting. i see very, very few accountants in the house of representatives. but let me give you an observation, you're concentrating on cutting the medical
they reached a deal on the fiscal cliff put they set up more fiscal cliffs, as senator jim moran said on the floor recently. the big battle is the debt ceiling. will the president and republicans in congress agree to raise the debt ceiling maybe in exchange for spending cuts. we saw that in 2011. the obama administration says they're not playing that game anymore. they have some type of plan to raise the debt ceiling and go around the congress. they're not revealing detifles it but that that's...
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host: jim from texas. caller: as you go in, i'm wondering what your position will be regarding certain groups of people. we have a certain percentage of the population that might be gay or lesbian and we feel maybe it is 10%. it they have the same rights -- and they have the same rights? individuals that may be one to use marijuana, if they were 10% of the population. would you support their rights to do what they do with their body in the same way we allow others to make personal choices? guest: we have to take into consideration any law that we pass, especially when it comes to equality. we have to make sure we make sure everybody has opportunities. four other issues like marijuana reform, one thing that has been disheartening is to see a large number of people incarcerated simply for marijuana possession. it doesn't make a lot of sense to spend $30,000 a year to put someone in prison for marijuana .ossession when it comes to equality, there aren't any exceptions. host: is this a party for you? your marr
host: jim from texas. caller: as you go in, i'm wondering what your position will be regarding certain groups of people. we have a certain percentage of the population that might be gay or lesbian and we feel maybe it is 10%. it they have the same rights -- and they have the same rights? individuals that may be one to use marijuana, if they were 10% of the population. would you support their rights to do what they do with their body in the same way we allow others to make personal choices?...
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. >> that's right, which is why boehner pulled the plug, jim, you'll recall, on that vote, which was supposed to be a show vote to put the pressure on the president to draw the line at a million. when he realized he didn't have a majority of the republicans, he didn't go forward. what this is now is an old school where you have a bipartisan society, where boehner would be asked to permit a vote, even if he knew most republicans would vote no. it's humiliating for a speaker, especially in this milieu, in the world we live in now. it would set up boehner to maybe lose the speakership when the vote is taken in the house for that on january 3rd. it would certainly mean a fight. you would have paul ryan, cantor saying, wait a minute, this guy forced a vote we didn't want to take, but that's what the president is trying to get boehner to do. give me a few republicans, says boim bhoim, i'll deliver democrats, i'll deliver senate and sign the bill and save 97% of americans from a tax hike. boehner might not be able to do it or might refuse to do it. that's the next step in this process. >> f
. >> that's right, which is why boehner pulled the plug, jim, you'll recall, on that vote, which was supposed to be a show vote to put the pressure on the president to draw the line at a million. when he realized he didn't have a majority of the republicans, he didn't go forward. what this is now is an old school where you have a bipartisan society, where boehner would be asked to permit a vote, even if he knew most republicans would vote no. it's humiliating for a speaker, especially in...
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do you know that unemployment benefits were first suggested to be cut by senator jim doning, this guy here, from kentucky, all the way back in 2010, which is not all that long ago. the republicans thought it was so radical not the democrats the republicans. the senator from texas said, this is the one senator. this does not represent the position of the caucus. when they had a vote on it, bunning lost 78-19 a walloping. you know why? not extended unemployment benefits is deeply unpopular. have at it, hoss, you'll win that fight if you actually fight. but they never fight. oh here are more benefits for the rich. this is a terrible deal. finally we talked to congressman pete defazio about the next round of deals. do you think this is over? hey, there were no spending cuts in the deal. think again. listen to congressman defazio. >> do you think in the next round of the negotiations which should be in about two months, do you think president obama will put medicare and/or social security on the table? >> well, first off we were told that the president will not negotiate on the debt limit.
do you know that unemployment benefits were first suggested to be cut by senator jim doning, this guy here, from kentucky, all the way back in 2010, which is not all that long ago. the republicans thought it was so radical not the democrats the republicans. the senator from texas said, this is the one senator. this does not represent the position of the caucus. when they had a vote on it, bunning lost 78-19 a walloping. you know why? not extended unemployment benefits is deeply unpopular. have...
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coach jim behar of the orange passed bob knight for second lace on the all-time win list trailing on coach krzyzewski. >>> ray lewis says he will retire after the season. >>> and the regular season prime time nfl broadcast in the washington, d.c. market since 1987, and nationally the highest after on nbc. and redskins coach mike shanahan was interrupted during a news conference by quarterback robert griffin iii who asked his coach a question. >> what did you do for new year's? >> tried to put a good game plan together. i wasn't sure how healthy you were. so it was hard without you calling me. you got me good. >> and by the way, the redskins won. they moved on to the playoffsle. the cowboys go home. >>> just ahead "hunger games" actress lawrence the truths about acting. >>> and millions of views, we'll explain why next on this thursday morning on "early today." >>> we are looking at winter weather conditions developing in all areas of west texas over the next 24 to 36 hours. winter storm warnings for el paso here, down along the river. also midland and san angelo have winter weather a
coach jim behar of the orange passed bob knight for second lace on the all-time win list trailing on coach krzyzewski. >>> ray lewis says he will retire after the season. >>> and the regular season prime time nfl broadcast in the washington, d.c. market since 1987, and nationally the highest after on nbc. and redskins coach mike shanahan was interrupted during a news conference by quarterback robert griffin iii who asked his coach a question. >> what did you do for new...
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Dec 28, 2012
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jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to have problems stocking. >> reporter: negotiations between the international longshoremen's union and the shipping companies are deadlocked over a proposal to cut royalties paid to 15,000 dock workers for each ton of cargo they move. a shutdown would affect 15 ports on the east and gulf coasts, including new york, baltimore, miami and houston. the ports handle nearly 50% of all oceangoing container shipments to the united states. some estimate a shutdown could cost a billion dollars a day in delayed shipments and lost work along the supply chain. independent truck driver jose espinoza hauls shipments in and out of houston's port. >> next week, it means i'm going to be out of business. that's because if i don't work, i don't get pai
jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to have problems stocking. >> reporter: negotiations between the international longshoremen's union and the shipping...
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. >> jim and i met in 1977. at that time i didn't bleach th -- believe gay people would see the day that they than marry. voters made the law legal through a referendum in november. >>> ahead tonight at 11:00 -- a pilot tracks down an in troupeder at his hotrouped trouped -- an intruder at his home from up in his plane. >> after the ball dropped. the first baby born in our area. we'll meet the proud parents. >> how mike shanahan will bring down the seahawks. >>> president obama is getting ready to respond to the house passing the senate's amendment to avoid the fiscal cliff. ♪ [ female announcer ] the one for all. mcdonald's dollar menu. home of the mouthwatering grilled onion cheddar burger, topped with melty white cheddar and caramelized onions. plus all your tasty favorites for just a dollar each. ♪ every day, as always, there's a lot to love for a little on mcdonald's dollar menu. ♪ the ones who make us laugh, the ones with the strong shoulder to lean on, the ones we're named after, and the ones named
. >> jim and i met in 1977. at that time i didn't bleach th -- believe gay people would see the day that they than marry. voters made the law legal through a referendum in november. >>> ahead tonight at 11:00 -- a pilot tracks down an in troupeder at his hotrouped trouped -- an intruder at his home from up in his plane. >> after the ball dropped. the first baby born in our area. we'll meet the proud parents. >> how mike shanahan will bring down the seahawks....
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Dec 29, 2012
12/12
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in many ways his story was more the norm than the exception, because under the jim crow laws, african-americans had been persecuted for years. but what was unique was that there were published pictures of his body. his mother did something that inspires awe. she allowed "jet" magazine to photograph his brutalized body. there was controversy about her decision and the decision to publish the photographs, and those pictures galvanized a nascent movement. "jet" magazine reported continually on the case for years afterwards. i am telling you this story today, because "jet" magazine is shining a much needed spotlight on the killing of a young black boy whose name might otherwise be forgotten, jordan davis, the young boy who was shot to death after the motorist complain ed about a loud music that a motorist was complaining about next to him in a suv. dunn may claim protection under the florida's stand your ground law. and "jet" magazine explores the details of the night that took his life, but introduces us to a 17-year-old who loved to fish with his dad and inspired to be a marine and about to start
in many ways his story was more the norm than the exception, because under the jim crow laws, african-americans had been persecuted for years. but what was unique was that there were published pictures of his body. his mother did something that inspires awe. she allowed "jet" magazine to photograph his brutalized body. there was controversy about her decision and the decision to publish the photographs, and those pictures galvanized a nascent movement. "jet" magazine...